Thank you, Madam Chair. The current approach on the tax effort, as we've stated and stated to the federal government and put our arguments forward on is that it's not working in the Northwest Territories. Looking at alternative approaches is what we've been pursuing with Finance Canada, and we have had that agreement now with the news from Minister Goodale that they would forego that rebasing exercise for one year, and allow us that one year to come up with some work on the tax effort factor. We are starting to look at how we can develop something different than what is there now and, of course, that also goes back to the federal government in getting their agreement that what we have developed is workable. So we are beginning some work in that area. It is still in the early days, but we know we have got to get down to business and have that work done so we will have a lot of time to have it gone over by the federal Department of Finance and get some agreement on it. Thank you.
Floyd Roland on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on March 30th, 2004. See this statement in context.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
March 29th, 2004
Page 477
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